James Liang

James Liang

James is the co-founder and executive chairman of Ctrip and a part-time professor at Peking University’s Guanghua School of Management.

What can China do to help couples make more babies?
As China continues to struggle with a low fertility rate, a simple government policy change, such as removing the limit on the number of children couples can have, might not be sufficient to improve the worrying demographic picture. The two-child policy has proved a disappointment. Introduced two years ago, its effect has so far been minimal. The country’s fertility rate remained below 1.5 births per woman last year, while the number of babies born actually fell. If the fertility rate remains only 1.5, the size of next generation will be 20 to 30 per cent smaller than the current generation, which means a reduction in the size of the workforce and more pressure on pension funds. A deeper soc
What can China do to help couples make more babies?